Canada’s pension giants swore off crypto after FTX collapse — until now
When the Ontario Teachers’ Pension Plan (OTPP) and Caisse de dépôt et placement du Québec (CDPQ) wrote down their multimillion-dollar stakes in the failed FTX exchange in 2022 (1), it marked a turning point in Canadian institutional investing (2).
For most pension executives, the message was clear: Stay far away from crypto. Yet three years later, the tone is shifting. The world’s largest institutional investors — from BlackRock to Singapore’s GIC — are increasing exposure to tokenized assets and digital infrastructure. And quietly, Canada’s pension giants are watching again (3).
…
